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Mar 30, 2012
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the other thing is you need the data to hold up in the united states. because the global stock market rally is predicated on a sustained recovery in the united states. >> remember, ross, you have earnings right in you that are at record lows. the s&p 500 is earning $104 a share. we can see it slip a little bit and the other thing to keep in mind is that the lowering of expectations that we get from these companies happen every quarter. sarbanes/oxley has almost made it a necessity on the part of a ceo. you cannot talk up your company anymore. so i love the fact that everybody right now has their expectations down and low and more than heekly we'll be pleasantly surprised. i think that global growth story is still very much intact. we talk about china slowing. 7% is sustainable. you don't want to see growth rate over 10% or 11%. so all of that, and i guess what i'm traying to say is when the markets really heat up, those of us that are bullish get concerned. when they slow down a little bit, that actually keeps us bullish and i think that's really why we
the other thing is you need the data to hold up in the united states. because the global stock market rally is predicated on a sustained recovery in the united states. >> remember, ross, you have earnings right in you that are at record lows. the s&p 500 is earning $104 a share. we can see it slip a little bit and the other thing to keep in mind is that the lowering of expectations that we get from these companies happen every quarter. sarbanes/oxley has almost made it a necessity on...
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Mar 9, 2012
03/12
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let's start here in the united states. take a look at the futures and see how we're shaping up for trade on wall street. it does look like a mixed open if the markets were to open now the dow would be higher by ten. the nasdaq lower by two points and the s&p 500 just above the flat line. this after u.s. equities finished higher on the back of that global rally. a couple of reasons for that, some optimism on the greek debt swap deal. also that "wall street journal" article about further quantitative easing still having an impact and the smaller contraction in japan's q4 gdp number helping the markets as well. ross, how is it bearing in china right now? >> seasonally unadjusted fourth quarter 2011 is gdp contracted 7.5% and that's worse, worse, than the flash estimate of 7%. so the greek economy contracting in the fourth quarter by 7.5% which has been the point here on the day that we're going to get a psi agreement for the next bailout money. the point is with growth like that, with the contraction, we don't even mention th
let's start here in the united states. take a look at the futures and see how we're shaping up for trade on wall street. it does look like a mixed open if the markets were to open now the dow would be higher by ten. the nasdaq lower by two points and the s&p 500 just above the flat line. this after u.s. equities finished higher on the back of that global rally. a couple of reasons for that, some optimism on the greek debt swap deal. also that "wall street journal" article about...
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Jun 29, 2012
06/12
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higher than that of the united states. leung has vowed to seek change while preserving stability. hong kong markets will be closed on monday to mark the 15th hand over anniversary. back to you. >>> thanks for that. on the eve of the visit to hong kong china plans to build an experimental business. tracey chang has more for us. hey, tracey. >> that's right, kelly. the experimental business zone is a move aimed at internationalizing the r and d and deepening ties with hong kong. china has been loose enning its tight grip on the yuan since 2005. this financial hub will be built over the next eight years and serve as a experimental dome. beijing has been outsboen its ambition to stab blache financial market on par with new york and london and this project should mark the government's biggest investment so far. the financial center allows eligible companies to enjoy a 15% corporate tax rate and they can issue bonds in hong kong. as an added incentive, hong kong investors can open private international schools and hospitals incorporate shanghai. back to you. >> fascinating. thank you. i
higher than that of the united states. leung has vowed to seek change while preserving stability. hong kong markets will be closed on monday to mark the 15th hand over anniversary. back to you. >>> thanks for that. on the eve of the visit to hong kong china plans to build an experimental business. tracey chang has more for us. hey, tracey. >> that's right, kelly. the experimental business zone is a move aimed at internationalizing the r and d and deepening ties with hong kong....
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Jun 1, 2012
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whether china or the united states or the united states or ecb. so we think there is going to be further monetary easing. that obviously leads to debasement. at the moment it's all about the safe haven. let me get out of greece and spain and get me get into bunds and treasuries. gold has not acted as it normally does in a financial crisis, but gold does well in two circumstances. negative high rates of interest, we're certainly giving away now to governments for free, or win you have signs of inflation. and i would argue both of those are the -- >> can i ask, are you getting a lid from investors looking at real investors, art work or wine or whatever is a hedge against some of the uncertainty we're talking about? >> interestingly from america, yes. as long as gold is moving, people seem to be buying it. something like this particular coin here because there is only 60, this is a wow factor. we have half sold. they are numbered, as well, which make them unique. an on the other side, they have a double equity. the queen's never had it on her coins b
whether china or the united states or the united states or ecb. so we think there is going to be further monetary easing. that obviously leads to debasement. at the moment it's all about the safe haven. let me get out of greece and spain and get me get into bunds and treasuries. gold has not acted as it normally does in a financial crisis, but gold does well in two circumstances. negative high rates of interest, we're certainly giving away now to governments for free, or win you have signs of...
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Feb 21, 2012
02/12
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let's start here in the united states, take a look at u.s. futures and see how we're setting up for trade on wall street. looks like a higher open now if the markets were to open it at this point. the dow higher by 40 points. the s&p 500 up by three and change. the nasdaq would be shootly lower after a mixed session. of course, ross, when it comes to trading today, everyone will be looking for dow 13,000 and we're close to that range at this point. >> and those futures are in contract to what we have on european stocks. a session low right now, 8 to 1 decliners outpacing advancers for european markets. remember, of course, after european stocks closed on seven-month highs and very strong gains for the year. the ftse has been an underperformer. right now after being up, what, half a percent yesterday we are today down nearly half a percent. debt>>> dax up nearly 18% for the year before we started today's trade. down half a percent this morning. the cac down half a percent today, up nearly a percent yesterday. it's been up some 10% for the year
let's start here in the united states, take a look at u.s. futures and see how we're setting up for trade on wall street. looks like a higher open now if the markets were to open it at this point. the dow higher by 40 points. the s&p 500 up by three and change. the nasdaq would be shootly lower after a mixed session. of course, ross, when it comes to trading today, everyone will be looking for dow 13,000 and we're close to that range at this point. >> and those futures are in contract...
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Jun 5, 2012
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. >> and in the united states today, the may ism services index will be out at 10:00 a.m. eastern. and that's expected to show a reading of 53 down half a point from april. richard fisher is in scotland speaking at 7:00 a.m. eastern 37 and james bullard will talk about the after math of the housing bubble. and charles evans speaks to the money marketeers. and i just want to mention to people if they're tuning in, we just got retail sales figures from the eurozone, they showed a drop of 1% month on month for april compared with a the forecast. >> and i'm looking at these comments from christine lagarde saying she hopes the eurozone would become more fiscal and financial union and it strikes me how quickly everybody's kind of changing tact. it wasn't long ago they were up in arms about not having a european union as such. you wanted to see each country supposed to take care of each country's own advice backing problems. if you. >> so the time line clearly been accelerated and we'll bring you much more of that as we get it in. finance ministers are set to hold an emergency conference
. >> and in the united states today, the may ism services index will be out at 10:00 a.m. eastern. and that's expected to show a reading of 53 down half a point from april. richard fisher is in scotland speaking at 7:00 a.m. eastern 37 and james bullard will talk about the after math of the housing bubble. and charles evans speaks to the money marketeers. and i just want to mention to people if they're tuning in, we just got retail sales figures from the eurozone, they showed a drop of 1%...
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Aug 16, 2012
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. >> i'm indifferent as to who the president of the united states is. what i care about is whom ever is in the executive branch works with those that control the purse strings which is the congress of the united states and we finally get a grip on things. we haven't had a budget in the congress for this country for over four years. something has to be done. this can't go on. i blame both republicans and democrats so we need to change and reboot this process and i hope that whom ever wins the presidential election will get the congress to finally act. >> steven, what's your baseline view for fed policy action and how much has it changed at all in view of some of the better data flow we've seen? >> well, the dilemma we're facing whether or not to introduce quantitative easing, qe3 balance sheet balancing, the relative strong data has made it less imperative for them to do that. we've seen clearly ten year yields are back up to where they were at the beginning of may, a lot of sort of the froth in the market about how quickly stimulus would come has gone o
. >> i'm indifferent as to who the president of the united states is. what i care about is whom ever is in the executive branch works with those that control the purse strings which is the congress of the united states and we finally get a grip on things. we haven't had a budget in the congress for this country for over four years. something has to be done. this can't go on. i blame both republicans and democrats so we need to change and reboot this process and i hope that whom ever wins...
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Jun 28, 2012
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is looking ahead of today's open and here's what's on the agenda in the united states. at 8:30 a.m. latest read on jobless claims. we'll get a final revision to first quarter of gross domestic product. we'll see if that follows the figures here at ub. at 1:00 p.m. u.s. treasury will auction off seven year notices. family $, after the close results from blackberry maker research in motion and nike. here's how u.s. futures are looking. still pointed lower. moving morton the down side now dow would be opening lower by 80 points. nasdaq and s&p pointed down as well. joining us more, rich nash, equity portfolio manager at the westfield group. is this people taking risk off ahead of this eurozone meeting? >> certainly there are other factors at play. the supreme court is expected to make their decision at 10:00 this morning. we have had a pretty nice run up here over the last couple of trading days. >> what do you expect or what your telling clients to do to position around these key political events? >> politics is certainly trying the markets, but we try to guide clients to focus more o
is looking ahead of today's open and here's what's on the agenda in the united states. at 8:30 a.m. latest read on jobless claims. we'll get a final revision to first quarter of gross domestic product. we'll see if that follows the figures here at ub. at 1:00 p.m. u.s. treasury will auction off seven year notices. family $, after the close results from blackberry maker research in motion and nike. here's how u.s. futures are looking. still pointed lower. moving morton the down side now dow...
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Sep 3, 2012
09/12
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states. euro/sterling, down a little bit. after that manufacturing pmi number came much better than expected. so interestingly enough, employment stilg still picking up in manufacturing. although it's still in contractionary territory. if you like pmi, you'll like china for the last couple of days. >> i think, ross, asian bourses mostly finished higher despite down beat manufacturing numbers from china. analysts say those weak readings could prompt supported policies from the central bank. the gape, 0.6% gold liner search off future fed. developers rally following the comments on building more affordable housing. the hang seng followed suit, helped by congress congress property place and internet giants. turning negative in late trade to end at a four-week low. lost over 6% after it proposed to revise down its stake back in march. energy places and industrials sent the kospi higher by .4%. samsung electronics lost a round after apple targeted four more cents on products. the afx 200 eked out
states. euro/sterling, down a little bit. after that manufacturing pmi number came much better than expected. so interestingly enough, employment stilg still picking up in manufacturing. although it's still in contractionary territory. if you like pmi, you'll like china for the last couple of days. >> i think, ross, asian bourses mostly finished higher despite down beat manufacturing numbers from china. analysts say those weak readings could prompt supported policies from the central...
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Mar 5, 2012
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i'm jackie deangelis in the united states. >> ross westgate here in europe. up next, "squawk box" as they count down to the opening of the markets state side. whatever happens, jackie and i hope you have a profitable day. >>> good morning. it's the global economy. china aims to keep growth and inflation under control. meantime, investors in the u.s. turned their focus to friday's jobs report. crude realities, there is fear of a supply krcrunch as less cre on tighter western sanctions, plus, your money, your vote. gop presidential hopefuls preparing for the big super tuesday tomorrow. it's monday, march 5, 20 12 and "squawk" begins right now.
i'm jackie deangelis in the united states. >> ross westgate here in europe. up next, "squawk box" as they count down to the opening of the markets state side. whatever happens, jackie and i hope you have a profitable day. >>> good morning. it's the global economy. china aims to keep growth and inflation under control. meantime, investors in the u.s. turned their focus to friday's jobs report. crude realities, there is fear of a supply krcrunch as less cre on tighter...
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Aug 6, 2012
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they handle probably half of all the retail orders in the united states and to say that if knight can let something like this go wild for 45 minutes, i don't know what we can expect of everybody else. >> does this mean no one should trade we should just tloup our hands. what are the practical implications then? do you expect any more regulatory measures on this front or will people evolve to go back to the old way of doing things? >> no. i think we should expect regulatory, something to happen in that realm just because we, this electronic revolution that we've seen in the last 15 years has been good for the average person, been good for the market. but we passed that point of utility at this point. people can sit in their house and trade for $6. no big barer to getting your money into the market. that happened 10 years ago. the last ten years of owe vo lugs on markets where we have these very high-speed, high frequency traders controlling 60% to 70 puerto rico of the market you really have to question what the value is of getting faster and faster by microseconds. what's the value to
they handle probably half of all the retail orders in the united states and to say that if knight can let something like this go wild for 45 minutes, i don't know what we can expect of everybody else. >> does this mean no one should trade we should just tloup our hands. what are the practical implications then? do you expect any more regulatory measures on this front or will people evolve to go back to the old way of doing things? >> no. i think we should expect regulatory,...
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Jul 9, 2012
07/12
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they drive a large portion of their revenues outside of the united states. one example that we've seen oracle in which the company generates about 30% of its revenues out in europe and in europe the some saw a decline of 7% of revenues. outside of apple the tech sector is not expected to have a strong quarter. >> when we look ahead to third quarter, to fourth quarter, both in terms much guidance and potentially to revisions as we're starting to get in the house how might those the direction of those impact trading? >> i certainly think the markets will be focused on guidance going ford particularly for the fourth quarter in 201. we've seen this every quarter but this quarter it's particularly important because if you look at the expectations, third quarter is expected to be another weak quarter in terms of earnings growth. expected to see 2% growth. for the fourth quarter analysts are looking for about 14% growth with double digit growth in a number of sectors. we've just stoortd see that number come down in the last month or so so i think it's something the
they drive a large portion of their revenues outside of the united states. one example that we've seen oracle in which the company generates about 30% of its revenues out in europe and in europe the some saw a decline of 7% of revenues. outside of apple the tech sector is not expected to have a strong quarter. >> when we look ahead to third quarter, to fourth quarter, both in terms much guidance and potentially to revisions as we're starting to get in the house how might those the...
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Jul 27, 2012
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so what about the agenda in the united states? today the first estimate on second quarter gdp out at 8:30 eastern. growth forecast to rise 1.3% slowing dpourn 1.9% growth in the first quarter. at 9:55 we get the final read on july consumer sentiment. expected to be down more than a point. chef von, merck, dr horton, newmont and kkr report before the opening bell. >> we've been asking who do you think should light the torch. who would you pick if you were in charge. if you want to join the conversation here on "worldwide exchange" get in touch with us at worldwide@cnbc.com or tweet us at cnbcwex.com. >> save the secret. >> save the secret. not that we know. i don't think i could keep it if i knew. not in my nature. >> coming up next, barclays admits the full cost of the libor scandal remains uncertain as it impresses investors with first half figures. more when we come back. >>> all right. just ahead, we had a small t-bill out of italy. the average yield on that 2.45%. it is lower than the 2.95% that we had on june the 27th. bid to
so what about the agenda in the united states? today the first estimate on second quarter gdp out at 8:30 eastern. growth forecast to rise 1.3% slowing dpourn 1.9% growth in the first quarter. at 9:55 we get the final read on july consumer sentiment. expected to be down more than a point. chef von, merck, dr horton, newmont and kkr report before the opening bell. >> we've been asking who do you think should light the torch. who would you pick if you were in charge. if you want to join the...
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Feb 9, 2012
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let's start here in the united states and take a look at u.s. futures and see how we're set for trade this morning. looks like now the picture has turned a little bit if the markets were to open now the dow would be a point above the flat line with the nasdaq and the s&p slightly under the flat line. this, of course, after an uneventful trading day yesterday, christine, but we did see the markets close higher. the dow up nearly six points, its highest since is may of 2008. >>> jackie, here in asia a little bit mixed today no deal on greece so investors are staying cautious but we did have some china cpi data and that was the center of focus. we had gains in property stocks offsetting any disappointment that the strong cpi number i just talked about might delay any sort of policy easing. in fact we'd an earlier guest who seems to suggest this is not a one off, inflation will grow at a steady place and prompt more policy tightening for the pboc. the hang seng, chinese financials getting dragged lower as a result ending down to the flat, to the dow
let's start here in the united states and take a look at u.s. futures and see how we're set for trade this morning. looks like now the picture has turned a little bit if the markets were to open now the dow would be a point above the flat line with the nasdaq and the s&p slightly under the flat line. this, of course, after an uneventful trading day yesterday, christine, but we did see the markets close higher. the dow up nearly six points, its highest since is may of 2008. >>>...
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Jul 6, 2012
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you've got a fiscal cliff in the united states. then of course, you've got here where everybody's kicking the can forward, which will probably happen in the united states as well with the fiscal cliff. >> so, actually, it's not just one -- >> it's not, no. >> it's a global -- >> absolutely. >> -- issue. and is no one deciding there's -- what we're saying is no one is deciding, and showing some weakness. if you're strong and big, there's opportunity to go and invest because you know at some point things are going to turn around, and when they do, i'll be the bigger player. you're suggesting no one's doing that. >> nobody's doing that, but that's -- >> why? >> because it's human nature. you know, boards today are incredibly conservative. you know there was this train wreck three years ago, and there was this mad dash for cash. everybody remembers that. if you look at american companies today, they're sitting on $1 trillion of cash. we're sitting on a lot of cash. so boards are -- >> is cash now, is that just the new normal? is there
you've got a fiscal cliff in the united states. then of course, you've got here where everybody's kicking the can forward, which will probably happen in the united states as well with the fiscal cliff. >> so, actually, it's not just one -- >> it's not, no. >> it's a global -- >> absolutely. >> -- issue. and is no one deciding there's -- what we're saying is no one is deciding, and showing some weakness. if you're strong and big, there's opportunity to go and invest...
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Aug 24, 2012
08/12
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it is that different in the united states. if the fed launches more qe it won't impact anybody in main street america. why should that have any impact on the election? >> why should they do it if it doesn't impact main street america. >> that's an entirely separate question. that's about the efficacy of the policy. not whether it has political ramifications. >> it does, though. american elections, perhaps more so than british elections do turn on big things like the economy. and if they ease now, and the economy starts to grow and the unemployment rate even it just ticks down from 8.3 to 8.2, to 8.1 in successive months to november 6th that could make a big difference. >> but that's their job? >> it is their job. >> you're saying they shouldn't do their job. >> i'm saying i don't know what they should do and if i know what they should be doing i would be sitting on a yacht. >> they have other options. there's an argument there needs to be a lot more imaginative and the burden should come on the government than the central bank
it is that different in the united states. if the fed launches more qe it won't impact anybody in main street america. why should that have any impact on the election? >> why should they do it if it doesn't impact main street america. >> that's an entirely separate question. that's about the efficacy of the policy. not whether it has political ramifications. >> it does, though. american elections, perhaps more so than british elections do turn on big things like the economy....
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Jul 30, 2012
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states. as far as the stock is concerned today swinging around a little bit. maybe we got hsbc stock. we'll talk about general motors, kelly is. do we have it? >> hsbc was up about .6%. >> up 1%. ftse is up .5%. >> it's outperforming banks. investors still searching for direction. >> a little more two years after gm pulled ads from facebook and made the decision not to advertise in next year's super bowl. a spokesman said he failed to meet the expectations of the company and reports suingest he didn't properly report the details of gm's five year deal with manchester united airlines. we have that stock price. gm up 2% this morning in frankfurt trading. unphased by the news. >> a section of pipeline in wisconsin that spilled around 1,200 barrels of oil this weekend. the company re-opened three other sections. no timetable to stop the pipeline. enbridge is pushing ahead with expansion plans. enbridge stock in frankfurt up by a percent. >> 300 million people were left in the dark in northern ind
states. as far as the stock is concerned today swinging around a little bit. maybe we got hsbc stock. we'll talk about general motors, kelly is. do we have it? >> hsbc was up about .6%. >> up 1%. ftse is up .5%. >> it's outperforming banks. investors still searching for direction. >> a little more two years after gm pulled ads from facebook and made the decision not to advertise in next year's super bowl. a spokesman said he failed to meet the expectations of the company...
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Mar 8, 2012
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jackie will join us later from the united states. greece has seen a strong take-up of its bond swap offer. according to a greek government official speaking to reuters, the pace has been pretty good and the percentage of bondholders agreeing is what they describe as very high. private bondholders have until 2100 cet tonight to sign up for the debt swap that aims to wipe around 75% of the value of their holdings. reports suggest that so is far half of the country's creditors have agreed to participate. the government has 75% of bondholders to take part. it will announce the results at 7:00 cet tomorrow morning, that's 6:00 gmt. the commission has urged private bo bondholders warning the alternative would be much worse. olli rehn says it's an init dispensable element to assure the future stability of greece and the euro area as a whole. julian, chief u.s. economist at barclays capital, joins us are for the first hour of the program. there's sort of an expectation in the markets right now, a higher expectation we'll get over sort of the
jackie will join us later from the united states. greece has seen a strong take-up of its bond swap offer. according to a greek government official speaking to reuters, the pace has been pretty good and the percentage of bondholders agreeing is what they describe as very high. private bondholders have until 2100 cet tonight to sign up for the debt swap that aims to wipe around 75% of the value of their holdings. reports suggest that so is far half of the country's creditors have agreed to...
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Feb 7, 2012
02/12
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. >>> and the united states ben bernanke is back on capitol hill today. investors will check to see if the fed chairman changes his tune on the economy after last week's stronger than expected employment report. >>> welcome to today's program. we'll be back in greece as well today as talks are on going and we get the launch of a national strike. julia will joy us later. it is two out of three shows in a row, christine, where we are starting with corporate news and other stuff besides the debt crisis. >> why, ross, are you sick of talking about greece or the eurozone? >> i wouldn't put it quite like that. i just think it is noticeable when we can start a program without having to talk about it. >> it's nice. it's nice. it's nice for a change. i totally agree. i totally agree. markets here are still waiting for some sort of a greek deal to happen and keeping it very cautious. the shanghai market is down 1.7%. a bit of profit taking going on in this particular market, hopes for a cut in reserve pulling some of the financial stocks lower. the weakness over in
. >>> and the united states ben bernanke is back on capitol hill today. investors will check to see if the fed chairman changes his tune on the economy after last week's stronger than expected employment report. >>> welcome to today's program. we'll be back in greece as well today as talks are on going and we get the launch of a national strike. julia will joy us later. it is two out of three shows in a row, christine, where we are starting with corporate news and other stuff...
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Jun 13, 2012
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good to see you today, chris wily. >>> what's on the agenda in the united states today. may ppi out at 8:30 a.m. eastern. producer prices broadcast to drop. 8:30 we'll get may retail sales. they're expected to slip 0.3% as well. we'll see whether there's any benefit if we get low oil and gas prices, will that feed through. plenty more to come next on "squawk box." you've seen andrew's in washington, joe and becky will join them as they count down to the jamie dimon testimony. i'm ross westgate in london. thanks for watching "worldwide exchange." morning. >>> good morning. today's top stories -- jpmorgan, jamie dimon, the chief to apologize for the bank's trading losses. his testimony is hours away. >>> dell decides to give back to shareholders, declaring its first ever dividend. >>> the leader in business news and most visited financial website are joining forces. cnbc and yahoo finance forming a strategic content and programming alliance starting today, wednesday, june 13, 2012. "squawk box" begins right now.
good to see you today, chris wily. >>> what's on the agenda in the united states today. may ppi out at 8:30 a.m. eastern. producer prices broadcast to drop. 8:30 we'll get may retail sales. they're expected to slip 0.3% as well. we'll see whether there's any benefit if we get low oil and gas prices, will that feed through. plenty more to come next on "squawk box." you've seen andrew's in washington, joe and becky will join them as they count down to the jamie dimon testimony....
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Apr 24, 2012
04/12
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i'm jackie deangelis here in the united states. >> i'm ross westgate here in europe. coming up next, "squawk box" with andrew and becky. joe might be back. i'm not quite sure. but they're up next. whatever happen, we hope you have a profitable day. profitab. how did the nba become the hottest league on the planet? by building on the cisco intelligent network they're able to serve up live video, and instant replays, creating fans from berlin to beijing. what can we help you build? nice shot kid. the nba around the world built by the only company that could. cisco. >>> good morning. it is earnings and the economy. quarterly reports from three dow com poe thentss before the bell, plus a number of releases on the state of housing. plus the empire under attack, the murdochs, they face another firing squad of legislators in london and another round of key european debt auctions take. it's tuesday, april 24th, 2012 and squawk begins right now. >>> good morning, everybody. i'm becky quick along
i'm jackie deangelis here in the united states. >> i'm ross westgate here in europe. coming up next, "squawk box" with andrew and becky. joe might be back. i'm not quite sure. but they're up next. whatever happen, we hope you have a profitable day. profitab. how did the nba become the hottest league on the planet? by building on the cisco intelligent network they're able to serve up live video, and instant replays, creating fans from berlin to beijing. what can we help you...
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Apr 25, 2012
04/12
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i'm jackie deangelis in the united states. lots more coverage of the west. >> coming up, "squawk box" with a countdown. whatever hasp, we hope you have a profitable day. >>> good morning. dispels iphone feefrms empire under attack. news corp.'s rupert murdoch facing a firing of questions today. and the ball is in ben bernanke's court. the fed chairman preparing to make a policy announcement today and then face reporters. it's wednesday, april 25th, 21 1 2012. "squawk box" begins right now.
i'm jackie deangelis in the united states. lots more coverage of the west. >> coming up, "squawk box" with a countdown. whatever hasp, we hope you have a profitable day. >>> good morning. dispels iphone feefrms empire under attack. news corp.'s rupert murdoch facing a firing of questions today. and the ball is in ben bernanke's court. the fed chairman preparing to make a policy announcement today and then face reporters. it's wednesday, april 25th, 21 1 2012....
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Jun 11, 2012
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states. so you're seeing some pretty dramatic shifts in just a couple-year period. >> and what, concern, ken, do y your eye on in terms of shipping tisht next? >> for us we see shipping as the ultimate leading indicator of economic trade, and we're seeing not a lot of o growth in those markets that typically have driven trade growth. >> those markets being --? >> we're not seeing a lot of growth from europe. most notably trade patterns from china to france, china to belgium are particularly lackluster and that gives us a concern about europe in general. >> for more, go to our website, tradelinks.cnbc.com. >> more from arnab. i want to get a sense of how you feel about the synchronicity of the slowdown not only europe but the u.s. and china and elsewhere at the moment and how it's going to pan out. >> our take on it is the whole world economy, there's not going to be anything such as decoupling. we're in a globalized system and everybody is moving up and down whether it's because of trade shoc
states. so you're seeing some pretty dramatic shifts in just a couple-year period. >> and what, concern, ken, do y your eye on in terms of shipping tisht next? >> for us we see shipping as the ultimate leading indicator of economic trade, and we're seeing not a lot of o growth in those markets that typically have driven trade growth. >> those markets being --? >> we're not seeing a lot of growth from europe. most notably trade patterns from china to france, china to...
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Jul 5, 2012
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and balance of risks right now is worse in the united states? >> we had in europe a worst-case scenario priced in. what i've seen from last week is a nice move. i think that leaves less worries about this. earnings will be trimmed back in europe. as european valuation are relatively low. it's a big calculation. but if you have to be in equities, be in european equities. >> investment grades and high yields across the world as far as i can tell, run us through your rationale here. >> even if the economic crisis is coming, the state of european companies or international companies are very good. the balance sheets remain quite healthy. the recent default remains. we find good value in high yields. we are positive on high yield with equity is very low. >> would you distinguish between any of the regions around the world when you look at that rationale? it seems to be pretty overarching. >> the point is we are, overall we are seeing the economic slowdown they are facing shock them. it will be suddenly very, very painful. we have to keep in mind, the
and balance of risks right now is worse in the united states? >> we had in europe a worst-case scenario priced in. what i've seen from last week is a nice move. i think that leaves less worries about this. earnings will be trimmed back in europe. as european valuation are relatively low. it's a big calculation. but if you have to be in equities, be in european equities. >> investment grades and high yields across the world as far as i can tell, run us through your rationale here....
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Jul 23, 2012
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states. you're looking somewhere in the order of $5 trillion pennsylvania deficit. you got a lot of problems in the u.s. as well. this is not just a germany alone issue. >> the u.s. has a central bank that's willing to do what it needs to do. europe as a group has yet to recognize the ecb's abilities and germany has prevented the ecb really from acting in a manner that the u.s. fed can. on top of that it's important to recognize the u.s. fed has already started to push u.s. banks to reduce their exposures to europe dramatically and as i said we've seen that most recently in the closing of money market funds into europe where those really reflect the core because u.s. money market funds hatch gotten out of the perry ferry. >> that's josh rosner. great discussion this morning. will oswald our guest host will stick around for the rest of the hour. in japan if government sauce its economy faces growing down side risks from problems overseas. we have the story. >> reporter: thank you. the cabinet
states. you're looking somewhere in the order of $5 trillion pennsylvania deficit. you got a lot of problems in the u.s. as well. this is not just a germany alone issue. >> the u.s. has a central bank that's willing to do what it needs to do. europe as a group has yet to recognize the ecb's abilities and germany has prevented the ecb really from acting in a manner that the u.s. fed can. on top of that it's important to recognize the u.s. fed has already started to push u.s. banks to...
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Aug 7, 2012
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is definitely inhibiting business investment in the united states from the ism numbers and all these other indicators we look at. that else seems to be case. if you look at consumer spending over in the u.s. it doesn't seem to be growing. it's sort of flat lining right now. if that were to get worse in the fall which i expect it could, then, you know, you could probably see lots of central banks rallying to the rescue. >> i wonder if it isn't time to talk about this strategy that doesn't happen. so if we see perhaps a holding steady of activity globally speaking from here what position the rpa would then be left in? >> well, that would be a very nice sort of situation where the rba would remain flat for the rest the year. you can't write that off. the problem is, with all this uncertainty in europe now spilling over into the u.s., this, i think, means there's a potential for a second shoe to drop, so to speak and you can see this in, for instance, the korean export numbers, korea is one of the earliest countries in asia to report its exports and those have been fairly lackluster. you
is definitely inhibiting business investment in the united states from the ism numbers and all these other indicators we look at. that else seems to be case. if you look at consumer spending over in the u.s. it doesn't seem to be growing. it's sort of flat lining right now. if that were to get worse in the fall which i expect it could, then, you know, you could probably see lots of central banks rallying to the rescue. >> i wonder if it isn't time to talk about this strategy that doesn't...
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Feb 3, 2012
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hasn't seen the scale of adjustment in the united states. as well you have the fiscal consolidation that's rallying at over 4% of gdp this year which is truly extraordinary. in the uk and here the fiscal adjustment is running at around 2% of gdp. and this all suggests that the economy is going to be very negative this year and when you have negative gdp and you have flat gdp that unemployment tends to rise. all that can be hoped for is the government does push ahead with the structural reform measures and that might then encourage firms it to take on new workers because still in spain you have this big issue -- there's a very, very protected labor market and then there's the unprotected temporary workers. it's the temporary workers don't get enough training, they don't go to fund specific capital and really it's not operating very efficiently. >> stephane has a question. >> yes? >> reporter: julian, after the reform of the banking sector the spanish government is going to announce at the end of next week a reform of the labor market. what do
hasn't seen the scale of adjustment in the united states. as well you have the fiscal consolidation that's rallying at over 4% of gdp this year which is truly extraordinary. in the uk and here the fiscal adjustment is running at around 2% of gdp. and this all suggests that the economy is going to be very negative this year and when you have negative gdp and you have flat gdp that unemployment tends to rise. all that can be hoped for is the government does push ahead with the structural reform...
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Feb 6, 2012
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the united states is now dependent on global markets. in a variety of ways, one of think is exports to sustain its industries. our strongest manufacturers are global manufacturers in the sense that they send products everywhere. we can can't ignore what's going on in china or europe. in europe we need a rebalancing of the continent so the place makes some sense and it makes no sense at all right now unless you're a german liking to brag that you're the most competitive person on the planet with your 3 32-hour workweek. and we need a rebalancing of trade with china. because we can not go on indefinitely with these very large trade deficits with china and borrowing from china and in turn having very large budget deficits of our own to sustain aggregate demand. a trade deficit is a negleative. a budget deficit at the federal level is a positive. but we can't go on that way indefinitely without ending up like athens. >> all right. peter, good to talk to you as always. thanks for getting up this morning. did you watch the super bowl last nigh
the united states is now dependent on global markets. in a variety of ways, one of think is exports to sustain its industries. our strongest manufacturers are global manufacturers in the sense that they send products everywhere. we can can't ignore what's going on in china or europe. in europe we need a rebalancing of the continent so the place makes some sense and it makes no sense at all right now unless you're a german liking to brag that you're the most competitive person on the planet with...
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Mar 28, 2012
03/12
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that's the way the united states was created. more discipline at the state's level and progressively more powers to the center. so it's -- it's a give and take if you want. and governments and states have to accept that as a quid pro quo for a stronger europe. >> okay. silvia joins us now. did you get insight into how divided the ecb has been as they sorts of backtracked? they've had to introduce emergency measures and we now know the ecb, the northern wing of it, is desperate to point out how to exit from lto measures. >> we had an interesting discussion about that. you know that i'm always also interested in is there a divide of the national boundaries, et cetera, and what bini smaghi said is, look, you have the completely wrng idea of what's going on. it's pragmatic discussion. nobody has the nationalities inside the ecb council. you can believe that or you cannot, but basically we discuss with what's best for the eurozone as a whole and we don't have this kind of national interests at heart, but the outside, berlin, paris, br
that's the way the united states was created. more discipline at the state's level and progressively more powers to the center. so it's -- it's a give and take if you want. and governments and states have to accept that as a quid pro quo for a stronger europe. >> okay. silvia joins us now. did you get insight into how divided the ecb has been as they sorts of backtracked? they've had to introduce emergency measures and we now know the ecb, the northern wing of it, is desperate to point...
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Feb 14, 2012
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let's start here in the united states where we'll take a look at the u.s. futures and see how we're setting up for trade on wall street. it does look like a lower day today, lower by ten points. the nasdaq slightly above the flat line and the s&p one point below the flat line, this after a strong day on wall street. yesterday the dow up 72 points. the nasdaq 27 points higher. an 11-year high there. there were light volumes. investors still worried about greece and looking to that moody's downgrade as a risk as well. it looks like that sentiment is weighing on 0 the markets now. how does it look over in london? >> we're better than we were an hour ago, right now, so advancers to decliners matching on the dow jones stoxx 600 so that means we have a pretty flat european stocks. up for the ftse 100. an hour ago down a quarter of a percent. we're just down four points. inflation numbers as expect ed, 3.6% as the hike from last year came out of the equation. big energy price hikes also coming out the next few months so that rate should continue to fall further. x
let's start here in the united states where we'll take a look at the u.s. futures and see how we're setting up for trade on wall street. it does look like a lower day today, lower by ten points. the nasdaq slightly above the flat line and the s&p one point below the flat line, this after a strong day on wall street. yesterday the dow up 72 points. the nasdaq 27 points higher. an 11-year high there. there were light volumes. investors still worried about greece and looking to that moody's...
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Aug 20, 2012
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what additional pressures is that to get broughts in the united states and pressure on supply of other commodities. >> farmers around the world are having a tough time. we know this. it's particularly true of developing country farmers, they are facing a triple whammy, if you like, global economic downturn. then those climate change. a long history of poor pricing, leading to under investment in their farms. in fair trade we're seeing something of a huge problem now in sustainability of supply in some of the key tropical agricultural commodities that we take for granted like coffee and tea and sugar and cocoa. where unless serious investment is undertaken by the key players in these global agricultural commodities we can't guarantee we'll get these in the future. >> who would you describe as the key players? >> partnerships work. we have wonderful partnerships with some of the major brand owners and retailers in some of the big commodities in could coin the uk three out of the top five confection buyers are working with us in fair trade and together this means that we can assure the fa
what additional pressures is that to get broughts in the united states and pressure on supply of other commodities. >> farmers around the world are having a tough time. we know this. it's particularly true of developing country farmers, they are facing a triple whammy, if you like, global economic downturn. then those climate change. a long history of poor pricing, leading to under investment in their farms. in fair trade we're seeing something of a huge problem now in sustainability of...
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Jun 20, 2012
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the united states and europe is an extreme possibility but something that does take the fates of these country and create a fiscal framework where there is some joint control. that's not going to be easy to achieve. i do think there is a recognition that's the path. we may get some sort of general road map out of the summit next week. i think that would be very constructive. also we're going to have discussion of a eurozone-wide bank regulatory system. that's also an essential building block to getting through this. none of these are -- they all involve their politic so they're not easy solutions. they're not going to happen overnight. if we know we're moving in the right direction, i think that's constructive. >> julia kor in addition dough with us this morning. we appreciate your time. we'll see if mortgages be as you were saying earlier, are part of anything we hear out of the fed later today. >>> still to come, u.s. markets closed at five-week highs on tuesday. will investors now sit on their hands until the fed decision and the bernanke news conference this afternoon. we'll previe
the united states and europe is an extreme possibility but something that does take the fates of these country and create a fiscal framework where there is some joint control. that's not going to be easy to achieve. i do think there is a recognition that's the path. we may get some sort of general road map out of the summit next week. i think that would be very constructive. also we're going to have discussion of a eurozone-wide bank regulatory system. that's also an essential building block to...
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Aug 13, 2012
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let's take a look at what's on today's agenda in the united states. new releases today, but the earnings calendar will have reports from cisco, but the group distributor iamgold and group gron will take center stage. still in the red, pretty much across the board. dow jones lower by about 5 points and nasdaq and s&p fractionally lower, too. joining us ocme is todd warwick. todd, do you expect any pick up in volumes this week? is this busier calendar going to start to make a difference? >> no, i don't think. i think we're in this volume range now for the rest of the summer until after labor day. i think that the market is definitely broken to the upside. we're definitely in a very -- more of an investor type of market where we're grinding with no volatility and no volume. i don't think that the news this week is going to affect the volume either way. i think we're going to continue with this very slow pace as the market tries to sort out what's going on and as they wait until we come back from the summer holiday, vacation, everything is over. right now
let's take a look at what's on today's agenda in the united states. new releases today, but the earnings calendar will have reports from cisco, but the group distributor iamgold and group gron will take center stage. still in the red, pretty much across the board. dow jones lower by about 5 points and nasdaq and s&p fractionally lower, too. joining us ocme is todd warwick. todd, do you expect any pick up in volumes this week? is this busier calendar going to start to make a difference?...
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Aug 3, 2012
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they got production facilities in united states, europe, china. the overall view on where the auto industry goes is incredibly bright. we look at indonesia as a benchmark. indonesia is approaching 1 million units per year in car sales. what a fantastic number. the chinese within two to three years will have an economic rebound they could get 25 to 30 units of purchase a year. i love the auto industry in the medium to long term. companies like toyota are well run, strong companies. you got to like them going forward. >> japan's the world's second largest ipo. japan airlines will list on september 19th with a total share of $8 million. it would move it back to the public sector and give jal a higher capital than nippon airways. sharp has the backing from two of its main banks but market players were unconvinced the company can stage a turn around. on thursday sharp said they expect earnings loss of $1.3 billion compared to $260 million profit predicted. it announced its first layoff in 60 years. how significant is that? >> it's very significant. wha
they got production facilities in united states, europe, china. the overall view on where the auto industry goes is incredibly bright. we look at indonesia as a benchmark. indonesia is approaching 1 million units per year in car sales. what a fantastic number. the chinese within two to three years will have an economic rebound they could get 25 to 30 units of purchase a year. i love the auto industry in the medium to long term. companies like toyota are well run, strong companies. you got to...
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Dec 20, 2012
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and so what i'm hoping is that in 2013, the central banks of the united states, europe, and china will find a solution to at stop the growth of that disparity. because i believe it's not right there is such a big gap between these derivatives and the actual products. >> so would a resolution of the fiscal cliff in the united states mean that america stops running up debt, would that be a positive step towards resolving that problem, even though it could be a drag on growth in the u.s. economy? >> translator: do not regard myself as a highly educated economist. from where i am, i watch the debate and i see, for example, some economists such as the nobel laureate paul goodman believe this could be counterproductive because too many action of this type could damage one of the important factors of the u.s. economy. on the other hand, unless there is some limit to the growth of u.s. debt, particularly with respect to debt as related to gdp, this could serve in the end badly if there was no limit to it. after all, the u.s. economy still accounts for about one-third of the global economy. so
and so what i'm hoping is that in 2013, the central banks of the united states, europe, and china will find a solution to at stop the growth of that disparity. because i believe it's not right there is such a big gap between these derivatives and the actual products. >> so would a resolution of the fiscal cliff in the united states mean that america stops running up debt, would that be a positive step towards resolving that problem, even though it could be a drag on growth in the u.s....
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Jun 27, 2012
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they're now looking at taking it back to the united states. they seem to be saying, we're going to shun the asian investor. >> yeah, no, that seems a bit odd given the lack of success the f-1s had in the u.s. as well. that's a story been playing for a number of years where it's going to list, manu talked about listing in asia as well. look, there's obviously a lot of money here. there's a growing demand for international listings in the asian time zone. so, it's a trend that's going to continue but there's going to be hiccups along the way. one deal is not going to make or break the trend. >> to what extent do you think the trouble that's happening across europe is impacting this market? obviously, not just from the broader sense of weak growth, but what kind of funding conditions and changes are you seeing? >> well, i think there has -- you know, investors are very much international. there's no way they have decoupled. europe is a big burden on everybody. how it's going to play out. it's going to impact the companies trying to list themselve
they're now looking at taking it back to the united states. they seem to be saying, we're going to shun the asian investor. >> yeah, no, that seems a bit odd given the lack of success the f-1s had in the u.s. as well. that's a story been playing for a number of years where it's going to list, manu talked about listing in asia as well. look, there's obviously a lot of money here. there's a growing demand for international listings in the asian time zone. so, it's a trend that's going to...
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Sep 7, 2012
09/12
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where does that leave political classes, not only in the eurozone but also in the united states. the global issue has been a subject john has been involved, the ceo of eli lilly. nice to see you. let's see this issue of leadership. clerly the onus with central banks doing as much as they can in terms of turning around the global economy. the emphasis is very much on a political class in europe that is fighting its own corners, and in a clearly divided political class in the united states. can't we achieve this sort of leadership the world needs economically? >> we're in a tough situations that's been years in the making and i think it will be years to work our way out of it. there's an old saying as elected democracies we get the leaders we deserve. different views on our leaders reflect a certain divisiveness on leaders. some of the comment i made here yesterday of the position i would take, and i think we should be looking toward from the perspective of anyone who runs a company is leadership that takes a long-term view when temptations are otherwise to deal only with the short
where does that leave political classes, not only in the eurozone but also in the united states. the global issue has been a subject john has been involved, the ceo of eli lilly. nice to see you. let's see this issue of leadership. clerly the onus with central banks doing as much as they can in terms of turning around the global economy. the emphasis is very much on a political class in europe that is fighting its own corners, and in a clearly divided political class in the united states. can't...
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May 30, 2012
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you know, realtors here in the united states, the national association of realtors are very supportive of a campaign for homeownership matters and there are 65-plus million home ore eo in the united states. i think it will be an interesting year on how housing affects the elections. >> yeah. and everything else. steve, thanks for that. steve berkowitz of move moveinink.com. >> they kick off a four-day fact-finding mission. first stop, greece. we'll cross live to athens for analysis next. [ male announcer ] this is the at&t network. a living, breathing intelligence helping business, do more business. in here, opportunities are created and protected. gonna need more wool! demand is instantly recognized and securely acted on across the company. around the world. turning a new trend, into a global phenomenon. it's the at&t network -- securing a world of new opportunities. ♪ securing a world you do a lot of no.aking?s. look i'm going through the rapids. okay... i'll take it. sync your card with facebook, foursquare and twitter for savings. that's the membership effect of american express.
you know, realtors here in the united states, the national association of realtors are very supportive of a campaign for homeownership matters and there are 65-plus million home ore eo in the united states. i think it will be an interesting year on how housing affects the elections. >> yeah. and everything else. steve, thanks for that. steve berkowitz of move moveinink.com. >> they kick off a four-day fact-finding mission. first stop, greece. we'll cross live to athens for analysis...
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Oct 10, 2012
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the united states is indispensable to us. so, of course, it is necessary for us to be able to continue in both those directions simultaneously. and that's a very important consideration. any such merger of this kind. >> and joining us for more is the director at chatham hasram. they came out against the deal. so that was from a shareholder's point of view. what about from a uk defense point of view? are there political risks in allowing this to go ahead? >> the biggest political risk was referenced somewhat by the foreign secretary there in your clip. if there are large stake holdings as part of the agreement between the french and german governments, anything over 9%, it's going to look very difficult to justify the very special sharing technology relationship that the bae systems has in that market. if b.a. systems loses some of its privileged access, from a shareholder perspective that's bad news. so really they cannot afford to let that political deal muck up the u.s. market. the civilian benefits are huge for b.a. system
the united states is indispensable to us. so, of course, it is necessary for us to be able to continue in both those directions simultaneously. and that's a very important consideration. any such merger of this kind. >> and joining us for more is the director at chatham hasram. they came out against the deal. so that was from a shareholder's point of view. what about from a uk defense point of view? are there political risks in allowing this to go ahead? >> the biggest political...
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Dec 10, 2012
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united states are getting better. i think the future -- i think we can say that we see the light at the end of the tunnel. >> all right. the light at the end of the tunnel. and i have to say, kelly, it has stopped raining. the sun has come out, so maybe a bit of light here in rome, as well. back over to you. >> carolin ross, thanks so much for that. bank of italy just out figures showing a decline on private sector years year on year in october. moving on now for the time being, canada has given china's state-run energy firm cnoc the okay to buy nexen. >> some are calling this pivot towards china after a lot of back and forth. ottawa over the weekend approved china's largest foreign takeover ever. cnooc has been given the green light to acquire canadian energy company nexen for $15.1 billion. now, the cnooc deal is the one getting all the attention. here is why. it would give a huge china eeps state run enterprise a firm foothold in canada's oil sands. third only behind saudi arabia and venezuela. it was not an easy d
united states are getting better. i think the future -- i think we can say that we see the light at the end of the tunnel. >> all right. the light at the end of the tunnel. and i have to say, kelly, it has stopped raining. the sun has come out, so maybe a bit of light here in rome, as well. back over to you. >> carolin ross, thanks so much for that. bank of italy just out figures showing a decline on private sector years year on year in october. moving on now for the time being,...
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Jul 26, 2012
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the heat wave in the united states. too early to say how the yield will fin squish. everything we've seen today leds us to think for agricultural products 2012 could become a new record year for basf. >> thanks very much indeed for joining us. ceo of basf. the stock is down of half of 1% but other stocks in notice, telecom equipment maker, alcatel came down. it's cutting its workforce. the ceo had this to say about the strategy. >> if europe is down for us 15% and we don't see the market coming back, if in asia there are certain markets that are like china that are really very good prospects but are postponing some of the major decisions, then you have to face reality and take action. so what we're going to do is we're going to take a very systematic approach to our performance that has to improve. >> royal dutch shell is seeing share losses down 3.2%. almost 13% drop in its second quarter hit by falling energy prices and sluggish demand. >> look towards macro economic environment which most probably will drive the oil price over the next six to 12 months, strengthen
the heat wave in the united states. too early to say how the yield will fin squish. everything we've seen today leds us to think for agricultural products 2012 could become a new record year for basf. >> thanks very much indeed for joining us. ceo of basf. the stock is down of half of 1% but other stocks in notice, telecom equipment maker, alcatel came down. it's cutting its workforce. the ceo had this to say about the strategy. >> if europe is down for us 15% and we don't see the...
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Jan 31, 2012
01/12
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let's start here in the united states. take a look at the futures and see how we're set to open on wall street. the positive momentum in asia and europe today is trickling down here. the dow looks to be higher by 61 points. the nasdaq by 12.6 and the s&p 500 looks like it will open higher by six and change. ross, does it still look as strong on your end? >> yeah. we're about 8 to 1 outpacing decline e decliners as we have done for most of the show. so here we are about two and a half hours into the trading session trying to pull back the losses from yesterday. the ftse 100 up three-quarters. the cac up about 1% as well. the ftse only up about 2% for the month. xetra dax up. in focus today british chip maker a.r.m. with earnings well above expectations. profit up 45%. this is the company whose technology powers apple's products amongst others. it's confident it will continue to gain market share. the stock up 4.7%. bskyb shares up 3%. it reported an 8% rise in its net profit earnings boosted by new base of television and br
let's start here in the united states. take a look at the futures and see how we're set to open on wall street. the positive momentum in asia and europe today is trickling down here. the dow looks to be higher by 61 points. the nasdaq by 12.6 and the s&p 500 looks like it will open higher by six and change. ross, does it still look as strong on your end? >> yeah. we're about 8 to 1 outpacing decline e decliners as we have done for most of the show. so here we are about two and a half...
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175
Dec 17, 2012
12/12
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in the united states by state government. there needs to be a conversation about america's history and culture of violence. when it comes to what will happen take place, there is a huge gulf between what we might desire and what is politically feasible. we have to face the fact that gun ownership is constitutionally affected, that any legislation has to be federal and that means outlawing whole classes of guns and saying whole categories of people can't get access to them and that is an enormous lobby behind access. >> that's the real issue is the lobby behind this. >> right. >> but i wonder if there isn't a way to pursue tougher assault weapons bans while having this discussion that you talk about and, in fact, there isn't a link that you talk about which is to the to say you're hearing the gop saying largely there needs to be more spending on mental health. it's inconsistent with the message of austerity. >> it's conservative wanting to side step the gun control issue talking instead on about funding other types of programs
in the united states by state government. there needs to be a conversation about america's history and culture of violence. when it comes to what will happen take place, there is a huge gulf between what we might desire and what is politically feasible. we have to face the fact that gun ownership is constitutionally affected, that any legislation has to be federal and that means outlawing whole classes of guns and saying whole categories of people can't get access to them and that is an...
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298
Sep 21, 2012
09/12
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those viewers in the united states waking up, why are the apple workers in paris upset? >> for the last week, they've been extremely it is grunt he willed. all over the french media, they've been meeting with different management, complaining, in pact one of them was quoted as saying working at apple is like working in a coal mine. they've been complaining that they have to work longer hours than what they're paid for, that they don't get any commissions uneven though they're under constant pressure to sell. they're monitored by cameras in the stores and looking for things like a 13th month of pay as a bonus, higher pay and water fountains in the store. some of these things are standards for french workers, but they're complaining that apple has been extremely resistant to provide them these things. in fact they say they've been fighting for three years for the 13th month of pay. so at the end of yesterday, there was a sort of last resort meeting at which it was decided that these issues would be revisited before the end of the year, that the company would consider them
those viewers in the united states waking up, why are the apple workers in paris upset? >> for the last week, they've been extremely it is grunt he willed. all over the french media, they've been meeting with different management, complaining, in pact one of them was quoted as saying working at apple is like working in a coal mine. they've been complaining that they have to work longer hours than what they're paid for, that they don't get any commissions uneven though they're under...
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262
Nov 8, 2012
11/12
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broadly it will be engagement with the united states. in the sesks, that's still to be seen. >> and we'll bring her back on the program as we do get some of that detail going forward. thanks very much for your time this morning. >>> coming up, we'll bring you the latest on potential gridlock. let's just say likely gridlock on capitol hill. we'll speak with someone who says there will be a fiscal cliff solution at the very last minute and we'll also keep you updated on the snowstorm battering the u.s. northeast. and post election market volatility and see if there are places where you can find shelter. so, what hap pens if i'm in an accident and need to get my car fixed? progressive makes it easy, because we give you choices. you can pick where to get your car fixed, we can cut you a check, or, at our service center, we take care of everything for you. [ relaxing music playing ] [ chuckles ] -whew, so many choices. -take your time. -the service center. -okay. giving you choices -- now, that's progressive. call or click today. >>> if you'r
broadly it will be engagement with the united states. in the sesks, that's still to be seen. >> and we'll bring her back on the program as we do get some of that detail going forward. thanks very much for your time this morning. >>> coming up, we'll bring you the latest on potential gridlock. let's just say likely gridlock on capitol hill. we'll speak with someone who says there will be a fiscal cliff solution at the very last minute and we'll also keep you updated on the...
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262
Aug 23, 2012
08/12
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we have microbursts going on right now in the united states. in order to make money, you have to understand these markets. when you look at the market as a whole, from the second quarter of 2011 to the sec quarter of 2012, we're seeing huge improvement, we're seeing 7% gains. and that's statically, out of 110 markets are up from the 143 markets surveyed. so we're seeing a lot of data. like you said, the existing inventory is down 24% and the distress properties are down 43%. so these are positive signs for the housing market. but when you really look at where you're making money in the united states, you have to look at those markets that went way up, came way down, bounced on the bottom and we're seeing slight gains right now. and that's phoenix, miami. those two markets have huge job growth and that's really what's pushing the housing market. more so in phoenix than even miami. >> yes, jobs are the key, right? it seems to be what you're saying? >> that's absolutely it. so we can have low housing prices and great rental returns but who's going
we have microbursts going on right now in the united states. in order to make money, you have to understand these markets. when you look at the market as a whole, from the second quarter of 2011 to the sec quarter of 2012, we're seeing huge improvement, we're seeing 7% gains. and that's statically, out of 110 markets are up from the 143 markets surveyed. so we're seeing a lot of data. like you said, the existing inventory is down 24% and the distress properties are down 43%. so these are...
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219
Feb 27, 2012
02/12
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have expanded to the united states, into parts of asia. we also talked today about how soon we'll be coming to china, again, with some new work with the windows platform to make that possible. >> reporter: when we've talked about your company in the paths, we talked about moving to windows. this is the future of your company which leaves me puzzled about one of the other key announcements you made today. you spent about five years developing the best smartphone camera ever, the 808 pure view. why invest this sort of techie for a product operating on the simeon system? is. >> this is the pure view 808 and it has, as you mentioned, an incredible system, 41 megapixel camera which itself is magical but the software we have that allows you to work with that technology so you can take a brilliant picture, scale it down to something you can deliver on face back. it's truly an amazing experience. what we have been doing is working on this for a number of years to set a new bar and we were able to bring it fastest in the symbien product line but yo
have expanded to the united states, into parts of asia. we also talked today about how soon we'll be coming to china, again, with some new work with the windows platform to make that possible. >> reporter: when we've talked about your company in the paths, we talked about moving to windows. this is the future of your company which leaves me puzzled about one of the other key announcements you made today. you spent about five years developing the best smartphone camera ever, the 808 pure...
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282
May 23, 2012
05/12
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CNBC
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this is the hand that europe's giving over to the united states a little bit later. ftse 100 down, the dax, we had gains with that amount yesterday, cac down 1%, ibex down 1.6%. and now even retail is down. very weak retail sales numbers out of the uk, i'll detail that in a second. but basic resources down 3.5%, bank down, as well, world bank downgrading china growth from 8.4% to 8.2%. as far as the bond markets are concerned, we're just starting to see yields back up in the peripheral. italian ten-year still below 6%, 6.12% for spain. we've got this zero coupon 5 billion two-year coming out in germany in just a second. the yields just falling back 1.44%, but still below the record 1.39%, ten-year are on the move again today, getting back toward the record low 1.1%. voted 8 to 1 to keep easing program. and a big falloff in retail sales this morning, as well. much weaker than expected. the april weather hindering clothing sales, as well. all of that has dragged sterling down this morning. euro sterling still above 80 as you'll see. but sterling below 127 for the first
this is the hand that europe's giving over to the united states a little bit later. ftse 100 down, the dax, we had gains with that amount yesterday, cac down 1%, ibex down 1.6%. and now even retail is down. very weak retail sales numbers out of the uk, i'll detail that in a second. but basic resources down 3.5%, bank down, as well, world bank downgrading china growth from 8.4% to 8.2%. as far as the bond markets are concerned, we're just starting to see yields back up in the peripheral. italian...
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161
Aug 17, 2012
08/12
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overall, existing home sales in the united states were up almost 8% year-on-year. prices have risen nationally for four consecutive months which is very good news. the data we got yesterday indicates that permits compared to last year are up almost 30%. all of which indicates that the market is beginning to gain some momentum. but there's still headwinds or at least some things, some legacies of the past that have to be worked out, not the least of which is that the number of mortgages that are seriously delinquent, eat ear payment hasn't been made in 90 days or they are in the foreclosure process while down from the peak still is elevated. that's a shadow inventory that will have to be taken care of over the next year or so. so the resilience of prices will be constrained by that phenomenon. >> depressed homeowner activity, strained mortgages will be with us. at the margin what difference does the housing market make or can make to the u.s. economy? >> for most of this recovery going back now two full years, the housing sector has remained e either a drag or nonco
overall, existing home sales in the united states were up almost 8% year-on-year. prices have risen nationally for four consecutive months which is very good news. the data we got yesterday indicates that permits compared to last year are up almost 30%. all of which indicates that the market is beginning to gain some momentum. but there's still headwinds or at least some things, some legacies of the past that have to be worked out, not the least of which is that the number of mortgages that are...
202
202
Jul 16, 2012
07/12
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japan and the united states lost about 6 percentage points. we didn't. we kept stable. so, we are exporting quite a lot, and also trading volume is very good. the problem is not our global balance to the rest of the world. the problem is inside europe, where you have differences in competitiveness. that's the real problem. the problem is not ourselves confronted with the world, it's inside. >> how deep is the problem? >> it is a structure problem, which means that we will have to find structure solutions for this. and the structure solution can only be that a number of member states put order in the house, invest more, have a leaner state, and -- >> but can you do that, have a leaner state and invest more? >> oh, yes. it's even -- it's not only compatible, i think to invest more, you need a leaner state. you can spend some money only once, you know, if your state spending, official spending, public spending you call it, is 50%, there is only 50% left for the public, for the private spending. so yes, we need to be more competitive, which means investing more in business,
japan and the united states lost about 6 percentage points. we didn't. we kept stable. so, we are exporting quite a lot, and also trading volume is very good. the problem is not our global balance to the rest of the world. the problem is inside europe, where you have differences in competitiveness. that's the real problem. the problem is not ourselves confronted with the world, it's inside. >> how deep is the problem? >> it is a structure problem, which means that we will have to...